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to us that -- quote -- "the need to transform the world's energy economy while addressing global climate change is not only a religious and moral imperative, it is a strategy for security and survival. the united states conference of catholic bishops says that -- and i quote -- "at its core, global climate change is not about economic theory or political platforms, nor about partisan advantage or interest group pressures. it is about the future of god's creation and one human family." the bishops asked congress to consider seven principles in shaping responsible climate change policies. one, addressing global climate change means protecting the common good. two, climate change will hit the most vulnerable communities the hardest. three, we must seek solutions that enhance rather than diminish the economic standing of the poor. four, new resources must be made available to poor communities to adapt to the effects of a changing climate. five, we must protect vulnerable people from the negative human health effects of climate change. six, local affected communities should have a voi
requirement to have a -- growth perspective of employers. mr. deputy speaker, a vital sector for our economy and the cost of doing business is energy. creating a low carbon economy is done by create jobs rather than -- was a major step forward for new nuclear. today with help of we are also announcing our intelligence to take two projects to the next stage of development will support the manufacture of mission vessels in britain with new takes incentive and the honorable members has urged do you passionately and in a nonpartisan way about the damage of doing the famous ceramic industry and persuaded me we will exempt from next year the industrial processes for the industry and others from the climate change. [cheering and applause] [laughter] >> for the we will this year sign contracts for the commissioning relief, the expectations of which is already increasing investment. i want britain to tap to new sources of local energy like shale gas. i'm introducing a tax -- including a shale gas field allowance to promote early investment. shale gas is part of the future and we'll make it happen. we
a balanced budget and it's important we owe the country a reasonable plan and grows the economy. balancing the budget is not just a statistical exercise it's the necessary means to a healthier economy, it creates more jobs and helps people keep more of hard earned money and a contrast to the other budgets that are passing. at least budgets are passing here for a change, but all the other budgets have trillion dollar plus tax increases and have net spending increases and when he you have a trillion dollar deficit, we need to work on our spending and when the other side is offering even more spending increases and even more tax increases, more borrowing, we're still kind of worlds apart. >> greta: i went through the budget and it's very complicated, at least i think it's complicated. and i want to go to different provisions i understand. let me start with medicare. under your program it doesn't affect anyone over age 55. >> if you're born in 1958 or earlier, it doesn't affect you. meaning you stay in the current medicare program just as it's designed now. in addition we get rid of the obamac
ready for the next hour. bill, good to see you. have a great weekend. by the way, does a bad economy bring euphoria to the walking dead? >> i think it does. >> we'll talk to the creator later. >> that would be her zombie walk there, as she moves on to the next hour of the "closing bell". >> do earnings matter or is it still about the fed? >> it seems like earnings mattered yesterday a little bit. i don't think cyprus was the reason we sold out. are they going to matter going forward? i don't think so. not for the next three months. the fed is still the major factor in this. cyprus isn't a factor yet. earnings aren't a factor. the fed has definitely cleared the -- >> it's about liquidity in this market. >> absolutely. i would like to see more liquidity as far as volume goes. you get an 85-point rally off yesterday's sell-off, small volume, not much of a factor. but cyprus will lead the day monday morning in a short week. >> all right. thank you, matt, very much. all right, we've got a market coming back a little bit. needed to be up 92 to be positive for the week. we're ten points awa
to see to tame these large banks and give us a stable financial system that supports the real economy, not just trading profits of a large financial institution. >> were you surprised by anything you heard at those hearings? >> i was. i viewed i, like a lot of peopl jpmorgan chase as a free will managed bank. i was surprised at them to build these huge positions and even when he started calling foul, the next level of management above him really didn't get on top of it. i was not surprised by appalled by the way they were manipulating their models that are supposed to be able to determine how much risk is involved in various trading positions. >> what advantage did they gain from manipulating those positions? >> well, there were a couple things going on. one was it was clear they were trying to boost their regulatory capital ratios in anticipation of new capital rules coming into effect. this is a key defect with the way regulators bank. regulators view capital adequacy at these large banks. they left those capital ratios to be determined in part by the risk models of the banks. the b
to the size of its economy. their banks are almost all entirely deposits. at least the two ones that were failing. most of the other banks in europe have a lot more junior and senior debt. big fat cushions that sit between potential losses and uninsured depositors. so the likelihood of this particular situation happening again? highly unlikely. but you're going to have to be more careful. that's the bottom line. bill? >> michelle, the question we're all wondering about here in the states and i guess around the world is will the cypriot banks will able to open tomorrow as had been expected? >> no. no. they've finally put out a statement and acknowledged what we were all beginning to realize would be true. they cannot. they're going to open up the two troubled banks on thursday, they hope. they claim they're going to open up nontroubled banks as well. that's going to be difficult. remember, banks talk to each other, right? there's all kinds of intrabank business that happens. it's going to be slightly problematic. we'll have to see how that plays out. plus we're going to see if there are ru
stuart: the highlight reel. all about cyprus. cyprus, they'll out approved. >> the economy is likely to get worse. >> continuation of stealing what has already been stolen. they will not be happy. >> they are devastated. that is not what cyprus is or ever was. >> europe does not have the mechanisms in place that the united states has to manage a currency or a banking system. >> watch the euro. that affects all of us. stuart: italian banks have been halted in trading. charles: yes. stuart: why? charles: they are worried. these stocks are plummeting. stuart: the dutch finance minister said the cyprus situation is a good template for other european countries. they have reached into private bank accounts, taken the money out and used it to finance the bailout. that is what everybody wanted to avoid and now the dow is down 43 points. >> that italian banks are frozen because now the fear is they will have their money taken out. stuart: the dutch minister is now staying this could prompt a euro zone bank restructuring. that is why the dow is now down 46 points. you have a 80-point
and home inspector and is then that has a booying fantastic on the overall economy having said that i'm not living with my head in the sand here i recognize that a lot of markets are still suffering a little bit and this graph show you's you the change of value in home price from their local market peak to where they are at present the case sowler composite and san francisco is halfway through the pack there down to about 33% and so whole values are still off from where they were before but if you look at where we are from the low point until where we are today, san francisco is looking a little bit better and oakland is not a member city and they randomly take 20 cities that are plead broadly representative of the housing market and san francisco is the second line on here and posted as one of the naysest paces of recovery and so we get some help from residential construction and we also get help from securelier spending this is what i'm showing here and this is the debt service ratio and it's an interesting concept if says if you add up my mortgage payment and car payment and any ot
at three bellwethers, fedex, and oracle. >> this is not ready to take off. the economy is not ready to take off. it does give us pause, maybe across the board. economy is slowing down, at least temporarily. >> ben bernanke did calm the markets yesterday. >> at this meeting, the committee judge says no adjustment. >> today, though, as investors look east to europe and ahead to an earnings season promising little profit growth, 2013's charmed life for stocks seems so yesterday. >> more now on the financial troubles in cyprus where the government is trying to come up with a plan to reorganize its banks by monday. that's the deadline set by the european union officials. if they don't, it could mean collapse of the entire banking sector. as michelle caruso-cabrera tells us, that fear is being felt on the streets. >> reporter: cyprus yet another country in europe where the devastation from the financial crisis is being felt throughout the population. throughout cyprus lines could be seen at the atms of the country's weakest bank, people desperate to take out cash because they're on the verge of f
. it is isolated its economy is in dire straits its leadership is divided. and its position in the region and the world has only grown eaker. i do believe that all of us have an interest in resolving this issue peacefully. trong and principled diplomacy is the best way to ensure that the iranian government foresakes nuclear weapons. peace is far more preferable to war and the inevitable cost the unintended consequences that would come with war means that we have to do everything we can to try to resolve this diplomatically. because of the cooperation between our governments we know that there remains time to pursue a diplomatic solution. that's what america will do with clear eyes working with a world that's united and with the sense of urgency that's required. but iran must know that time is not unlimited. and i've made the position the united states of america clear. iran must not get a nuclear weapon. this is not a danger that can be contained. and as president i said all options are on the table for achieving our objectives. america will do what we must to revent a nuclear-armed iran.
the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mtch saying my goodness alec, for this mission i uraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold styling, unsurpassed luxury and nearly 1,000 improvements. the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. [inaudible] >> keep up the good work. >> thank you. neil: if jimmy fallon does get "the tonight show" and it does come to new york, the joke ultimately
-year slowdowns in the economy. we had it in 2010, 2011, 2012. everyone is on the lookout for it again. i think what the fed has been doing represents a key difference between those three years and now, because then we had stopping and starting with qe. you had end dates. so you had the market in anticipation of ending and then wondering whether they were going to pick it back up again. because this is open-ended, i think the fuel that it provides is longer lasting and represents a key difference in part of the reason why i think we'll avoid this fourth consecutive slowdown. >> heidi, the other big story of the week is cyprus, of course. cyprus a tiny company. a big banking system that is a big percentage of the gdp of that tiny country. so how does this play out? how do you think this gets resolved? and should we worry about an impact in the united states? >> well, we definitely shouldn't worry that it's going to impact the united states, because we have different rules here. what happened in cyprus is europe likes drama. it's the birthplace of opera. it has the birthplace of a lot of forms of
and the austerity he is putting in place has caused the economy to be really slow. >> a lot of tax increases over there in europe. we look at this austerity bit. i want to talk about this for a second. >> i want to get back to the budget then. >> talk about what is happening in washington. you know, economics discussed on tv or on the internet or on twitter, it's so depressing, because people really don't know what they are talking about and they just sort of boil it down and there is this belief through the years, that tax cuts are not a tool used. of course, tax cuts are a tool used and tax increases something that traditional are against in bad times. we hear about austerity across great britain and we never hear about the tax increases. when you talk about the fact they cut and slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases both take money out of the economy and slow the economy and, yes, they create this idea of austerity. but, look. it's a balancing problem. on the one hand you need to deal with it budgets and defici
of health has come out no. 1 after the economy. the economy is a little bit broad to deal with. that was no. 1. but health was came as far as something that we can do something about. the interesting one for no. 2 and this is the third or fourth year in a row that the quality of public education came out no. 2 and i think when people talk about small business issue, they don't think about that one. no. 3, no surprise, regulations. no. 4, taxation. no. 5, this is another one that i find can kind of interesting. last year it was actually no. 4, but infrastructure. small businesses are concerned about infrastructure, and it's been borne out again by the survey. as far as some of the interesting specifics of the respondents, 48% provide health insurance, 52% did not provide health insurance. interestingly enough and maybe i will talk a little bit more, 74% almost had never heard of the small business tax credit. 63% had never talked to their state senator. their assembly person or to the governor, which i think is a little scary and it's something that hopefully you as a commissioner will re[tp
this going as well as it is because it's really a commitment to the economy of the whole region as to this particular project. having said that, the super bowl bid is an incredible thing and the strength of our bid is a collaboration of this whole region. this is how we think we will win this bid. this is not for any one particular city, it's us working together. not only on transportation issues, not only on cites, but all the hospitality that we have set. i want to thank all the regionals for working together. we want that super bowl xv very badly. we think we have the greatest opportunity to work for it and not only to win that bid, but to get ourselves in an incredible rotation for other super bowl hosting. we look at this long-term and it's the reasonable approach that will give us the strengths for the nfl to take into consideration. i want to be thankful for all the regions mayor's for joining us and the 49er organization. they brought us together at this time. it's going to be a great thing for san francisco. thank you. >> thank you for coming out. his is an amazing site
knowing that we were significant -- >> as a nation, it has taken us 40 years to build our economy to the level it is. with done one day -- within one day, we have shot it down. we are very betrayed. >> they can do it anywhere. live in europe, europe has betrayed us. >> at one stage, the crowd was urged to march towards the presidential palace. many people believed their savings had been guaranteed. what is clear is that the bailout deal negotiated in brussels cannot be implemented here except in the face of furious opposition. will have depositors to pay -- just reducing the amounts savers and depositors will have to pay probably won't be enough. teeple are still trying to get their money out of cash machines, but there are limits on how much they can withdraw. a parliamentary vote on the bailout has been postponed yet again. the government feared it might not win a majority for the bailout. without extra funding, cyprus faces bankruptcy. the british community around -- the british community, around 60,000, is also assessing its losses. cypriot friends are in shock. >> they felt a
the importance of the other nine to five economy. the impact of all that you do has an impact on our job situation and local economy, and to highlight all of the great work that we can do together to ensure that the sectors that you all represent, the sectors that you work for, that you employ people for connaught is one of the greatest sectors in san francisco. i hope we will take the opportunity of the america's cup to showcase our clubs, our restaurants, our nightlife events. as someone who represents the broadaway neighborhood, an area of town that i used to spend a lot of time in when i was in my 20's -- but actually, very few locals take the time to head to the beach on broadway. our neighborhoods are coming together to say that broadway is open to the rest of the world as well as san francisco. i want to put san francisco back on the map when it comes to music. to make sure that we have the type of entertainment that we used to be renowned for. and those of you that work in our bars and clubs, i want to make sure that we are trading the kind of destinations that we look forward to
at the hp pavilion ahead of tomorrow's slate of games. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to recover some of the money they lost with nhl lockout this past season. we're told right now many hotels in san jose are fully booked. when it comes to ncaa's impact on the local economy, there is a trickle down effect. the ceo of the san jose silicon valley chamber of commerce says when the hotels are booked, that translates to more revenue for restaurants, bars, and cafes. >> the expectations are always high. obviously the economic impact can vary. i think the numbers we heard from 2010 were about $20 million in economic impact. so whenever you can bring people
setback for chancellor angela merkel, just when she needed a victory with hard-hit eurozone economies contracting and german taxpayers nervous of the cost of bailouts. opposition parties are demanding the chancellor improve her track record. >> the fiscal cliffhanger in cyprus has turned into a major headache for angela merkel in her role as crisis manager. for many on the island, germany as part of the problem, but she points out that the troika is the negotiating partner for any bailout, not germany. >> politically, it is important that cyprus create a sustainable banking sector for the future. their current model is not sustainable. >> merkel also stressed that the eu had requested a levy on private accounts above 100,000 euros and not the 20,000 suggested by cyprus' government, but the german government says the cyprus debacle is covered in angela merkel's fingerprints and she must find a solution. >> the chancellor must make sure that the deal is struck which represents the interests of cyprus and stabilizes the european economic zone. >> but according to mrs. merkel, the ball is
is normal banking business. there is enough money to keep the economy moving forward, but these are very, very difficult days. tomorrow, the banks will be closed again, and quite possibly on friday, too. >> thank you. we are bringing you all of the latest developments from cyprus as they search for a solution there. police have searched the home of kristie in the guard. ofkhristine lasard, the head the international monetary fund. the operator of japan pose the damaged nuclear power plant in fukushima said iraq had been responsible for a loss of power this week. -- said a rat has been responsible for a loss of power this week. a dead rat was found near a switchboard. the company is investigating whether the raft was the cause. that it has killed a french national captured in mali in 2011. it claims it executed the man in retaliation for france's intervention in mali. the french foreign ministry said it is trying to verify those claims. the first test- tube baby was born in the u.k., the country could be leading the way again. this time it is a new idf procedure that creates a baby with t
and the republic of congo. he'll also attend a summit in south africa of five emerging economies known as brics. brazil, russia, india, china and south africa. >>> russia has turned down an appeal for aid by cyprus leaving banks on the island country in deep financial trouble. cyprus sent its finance minister michael air isous to moscow to seek help from russia. many wealthy companies and people keep their money in russia because of preferential tax treatment. two days of talks ended up without any agreement. bloomberg quotes saris as saying cyprus will continue to gain some kind of assistance from russia. he says there's still possibility to get conditions eased for the loans russia has extended in the past. >>> tensions are rising i >>> representatives from japan and the uk sponsored it. the three members of the commission will look into north korea's network of political prisons. japan's ambassador cited the abduction of korean nationals. >> japan strongly believes that a inquiry to investigate human rights will provide the council with con degree o-- concrete outcomes. >> the north korean a
? and your h're not seeing it-- >> the moving service economy which unions have. >> go ahead, adam. >> charlie was making an interesting point and i think i can help him here because the deal you said earlier, why why don't unions give in to the weight of the private sector employees have given in. well, the fact of the matter is. a lot of people watching this understand that. those benefits aren't very good sometimes so i don't fault the union leadership for saying-- >> private sector on everything from health care, to-- >> and we don't want our members to-- >> well, guys, here let me finish. a thousand jobs, a thousand workers, the private sector guys getting screwed for the jobs or you could have a hundred guys getting lavish benefits because that's all the company can afford. >> and what about the numbers, charles. >> what we're forgetting that we as taxpayers fund at least in the case of the public union members, their benefits. their incredibly generous benefits compared to ours. we're paying for them. we fork over the money and pay the bills. and i think that's the a distinc
are not seeing it. >> u.s. has stopped becoming a manufacturing and has become a service economy. >> neil: go ahead, adam. >> charlie was making an interesting pointed. you said earlier why don't unions give in the way the private sector employees have given in in the fact of the matter is a lot of people watch that understand that the benefits aren't very good sometimes. >> private sector gets screwed on everything. >> here is the thing. let me finish. thousand jobs or a thousand workers, those private sector guys getting screwed are a getting hundred guys getting lavish benefits. >> sounds like the grapes of wrath. >> neil: are we forgetting that we as taxpayers fund at least in the case of the public, union members their benefits, their incredibly generous benefits compared to ours? we are paying for them. we fork over the money and pay the bills. i think that is the issue that is lost. hey, taxpayers you are here as a service to me. you help me and i'm paying through the nose for you. >>> when the teachers strike in chicago it makes people angry. they know that, frankly we the american pe
. >> for years and years and years. what does it mean to our economy? >> what it means to our economy, the lawmakers, what gaur gary b is correct. voters are not against this, voters are against this. and like trying to find the bravest frenchman, it's tough to find an honest one out there. >> and this is by the way-- >> and this is the entire french vote and i don't care how. >> they don't want this. >> and here is the difference, here is the difference. >> and one thing about this is, even if everybody in the world is doing it, it is still wrong. congress comes out and says, we don't want pork and they also said we're going to stand up for simpson bowls and cut spending and raiserevenue, we can't do that. they all say they're against pork and every single one of them do it, it's a systemic problem and it's a character problem that we have indeed seen and it means these guys are not doing it for our country. >> john, one thing, take a breath for god's sake. the issue here is that if jonas got, you know, the extra bonus coming early. taxpayers weren't paying for it. in this situation,
's economy after a week on the brink of disaster. talks have significantly overrun, adding to fears that the deal is far from certain. we will go live to brussels in a moment. >> president nicos anastasiades left of cyprus behind for a chilly brussels. he is trying to broker a deal with eu finance ministers by monday to secure aid for his beleaguered country. his eu colleagues are demanding the cyprus raise the sum of 5.8 billion euros itself in order to release a rescue loan package. a compulsory levy on savings may be the only answer. but major investors in cyprus's biggest bank, the bank of cyprus, could lose up to 20% of their deposits. not surprisingly, it's an unpopular measure. >> nearly everyone's going to lose some money. of course, the amount will be greater for some than for others. and that's that. >> there is anger at the nation's creditors. >> the germans are only interested in themselves. they don't care about anyone else. >> cyprus's banks have been closed for a week. the european central bank has threatened to cut off the island's emergency funding should no deal be
to the forefront and that's more important. the u.s. economy, china and although there is a big idea they're stealing customer's money and savings accounts is abomination, i believe it's a different european country. entered the european union in 2008, i don't think it will be as big of a deal as people think, i think it will be on the headlines for two weeks. stuart: all right, let's see what's happening on the opening bell, upside. and i'm looking for a gain of 20, 30 points for the time they're open, 10 points higher, 14,462. nicole, let's bring you in. one of your favorite stocks, we're watching it closely. yoga pants, they say they're too sheer. in other words, you can see through them. i think that the stock is way down. nicole: it is way down. it's going to hurt their bottom line. and they're talking about bringing in the pants that are sheer. that basically is like a fall for the company, you can't have pants that are sheer. i have to admit my lululemon, i noticed recently is sheer and it's no joke and you're able to bring them back in, but it's going to hurt their revenue and bot
Search Results 150 to 199 of about 900 (some duplicates have been removed)